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...exchange contracts was mid-continent crude of 36 gravity which has been quoted at $1 per bbl. since September 1933. Sales for the first day were 14,000 bbl. at from $1.18 for July delivery to $1.25 for June delivery. Gasoline sold at from 5.78? to 5.98? per gal. Trading in oil and gasoline brought the number of commodities bought & sold on U. S. Exchanges to 33. The others: wheat, corn, rye. oats, sugar, coffee, cotton, silk, rubber, hides, butter, eggs, copper, zinc, tin, lead, rice, barley, lard, ribs, provisions, potatoes, cotton seed, flour, hay, flaxseed, millseeds, cocoa, wool, tops...

Author: /time Magazine | Title: Business: Oil to Market | 3/18/1935 | See Source »

...passengers aboard, the Colonial Line steamship Lexington (New York-Providence) sighted the freighter Jane Christenson dead ahead, shrilled a warning. Before the Lexington could get out from under the freighter knifed her amidships, nearly broke her in half. While the ship's orchestra played "Somebody Stole My Gal," passengers waded across decks knee-deep in water. Tooting furiously, harbor tugs bustled to the Lexington's side, took off passengers & crew almost before they knew it. The Lexington sank in ten minutes, took four seamen with...

Author: /time Magazine | Title: Transport: Liners' Luck | 1/14/1935 | See Source »

...game is bagatelle (also known as sans égal, Mississippi, cockamaroo, contact with variations. The player drops a coin in the slot which releases a plunger. With the plunger he drives a ball down crooked alleyways of pins until it scores by dropping into one of many holes in the board. For his total score he receives a certain number of coupons exchangeable for merchandise. The average player, of course, spends much more accumulating sufficient points to win, say, a $25 radio than he would if he went out and bought the instrument for cash. Smart players...

Author: /time Magazine | Title: Business & Finance: Pin Game | 12/24/1934 | See Source »

...insure the success of their first show, Carrollton businessmen had gone over to Lexington to fetch grey-thatched, handsome old James T. Looney, best brewer of burgoo stew in northern Kentucky. Over his open air vats, "Burgoomaster" Looney, proud of his 500-gal. iron kettle that was used in the Civil War to make gunpowder, had spent a day and a night brewing 1,500 gallons of burgoo.* Every last dipperful was exhausted before the crowd settled down to a program of speechmaking. On the platform, along with many another bigwig, were Carrollton's Ralph Malcolm Barker, president...

Author: /time Magazine | Title: Business & Finance: Burgoo & Boom | 11/26/1934 | See Source »

...Jersey where the gasoline war burned hottest Administrator Ickes dispatched a lieutenant to investigate and intervene. By last week joyous Jersey motorists were filling their tanks for less than 10? per gal., tax included. New areas were affected, and in Philadelphia the battle spread to fuel oil, which dropped 1½? per gal. to 5½?. But in East Texas the Federal pressure brought quick results. This week some 50 East Texas refiners agreed to up wholesale gasoline to 11? per gal., 6? above last week's war price...

Author: /time Magazine | Title: Business & Finance: Boiling Oil | 11/5/1934 | See Source »

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